Mitsui O.S.K. to acquire LBC Tank Terminals from Ardian for $1.715bn.

Mitsui O.S.K., a Japanese transport company headquartered in Toranomon, Minato, Tokyo, agreed to acquire LBC Tank Terminals, one of the world’s largest independent tank terminal operators, from Ardian, a private equity firm, for $1.715bn. Under our current owners, LBC improved operations and safety as well as our sustainability performance to reach industry leading performance as recognized by our Platinium Ecovadis rating and 5-star GRESB rating. With support from our owners, LBC completed significant expansions and developed new projects across chemical and new energies markets, which are currently under construction. These expansion projects allowed LBC to strengthen our capabilities and address the rising demand for storage facilities capable of handling a broader array of new energy products.